482 Aberdeen Avenue – Property Summary
Key Characteristics & Who It Suits
This is a 1,232-square-foot home built in 1907 on a 3,003-square-foot lot in the William Whyte neighbourhood. What stands out here is the living space: it’s genuinely above average for its street (top 20%) and holds its own within the neighbourhood and city. The assessed value of $131,000, however, tells a different story—it sits well below the citywide average and even slightly below the street average. That gap between a strong interior footprint and a modest valuation is worth paying attention to.
The property’s appeal isn’t in showy numbers. It’s in the relative value. You’re getting a home with more square footage than most on its street, in a neighbourhood where prices haven’t been pushed up by citywide trends. The year built (1907) means it has age, character, and likely solid bones if maintained, but it also falls into an older stock category—something buyers should factor in for potential upgrades or maintenance.
This place suits a buyer who values interior space over a large lot, and who is comfortable with an older home in a working-class neighbourhood. It’s less suited for someone looking for a brand-new finish or a big yard. It might work especially well for a first-time buyer, an investor looking for a rental with decent square footage relative to cost, or someone who wants to be in an established area without paying a premium for the city’s pricier pockets.
Five Possible FAQs
1. How does this home compare to others in the area in terms of value?
On its street, the assessed value is slightly below average (top 65%), but it’s on par with much of the William Whyte neighbourhood. Citywide, it’s in the bottom 2% for assessed value, which reflects both the neighbourhood’s market and the home’s age. The upside is that you’re not paying for a premium location—the value is in the living area itself.
2. Is a 1907 home likely to have any special considerations?
Yes, and that’s worth being direct about. Older homes can have outdated electrical, plumbing, or insulation. But they also often feature solid framing, larger room sizes, and unique details you won’t find in newer builds. A pre-purchase inspection focused on the foundation, roof, and mechanicals is a good idea. The ranking data shows this home is older than 96% of citywide properties, so maintenance history matters more than age alone.
3. The land is 3,003 sqft—is that small?
It’s slightly below the street average (3,265 sqft) and notably smaller than the citywide typical lot (6,570 sqft). For William Whyte, it’s around average. This isn’t a yard for gardening or expansion; it’s a compact urban lot. If outdoor space is a priority, this might feel tight. If you’re focused on the house itself, the land size is functional.
4. How does the living area of 1,232 sqft actually feel?
That’s solid for a home of this era and area. It’s larger than most on the street (top 20%) and similar to many in the neighbourhood. For a two-bedroom or small three-bedroom layout, it can offer decent separation of spaces without feeling oversized. It’s a comfortable middle ground—not cramped, not sprawling.
5. Why is the assessed value low if the living area is above average?
Assessed value reflects market conditions, not just square footage. The William Whyte neighbourhood has lower price points citywide, and this home’s age also pulls the value down. Additionally, the lot size is modest. So you have a home with good interior space in a neighbourhood where that space hasn’t yet been priced up. That’s the core tension here—and the potential opportunity for the right buyer.